official Business chapter 1 review

Business law

Enforceable rules of conduct that govern commercial relationships.

case law is otherwise unelse

revoke by statutory law

Law

Rules of conduct in any organized society that are enforced by the governing authority of the community.

State Law

A law passed by the legislature of a state and is only applicable within the state in which it is passed.

Examples of State law include

business contracts, workers' compensation, and real estate and other property.

Local law

A law issued by a local government such as a county, municipality, city, township, or village.

example of local governments are

country municipality, city, township, or village.

Examples of local laws include

zoning ordinances, water usage regulations, and parking violations.

Civil law

The system of law that regulates disputes between private individuals.

Criminal law

The system of legal rules designed to keep the public safe and deter wrongful conduct.

Constitutional law

Law that involves the interpretation and application of the U.S. Constitution and state constitutions.

Statutory law

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Law that is created and passed by the legislative branch of the government

Case law

Law that is based on judicial decisions. Also known as common law.

Stare Decisis

"Let the decision stand." A principle stating that rulings made in higher courts are binding precedent for lower courts.

Precedent

An earlier event that is regarded as an example or guide to be considered in subsequent similar circumstances.

Administrative Law

The collection of rules and decisions made by administrative agencies to fill in particular details missing from constitutions and statutes.

the US constitution doesn't make up for 1/2 of US law and it’s a ….

foundation for all US laws